Alexander LorenzoCoinPicks, CoinPicks · Founder & Chief Investment Officer CoinPicks Capital 👇🏾This strategy made me 8 million dollars

Bitcoin Is the Dumbest Way on Earth to Commit a Crime

2 Dec 2025 · 1 min

Watch on YouTube

1:15

In this YouTube monologue, the speaker argues that Bitcoin and similar cryptocurrencies are a poor choice for criminals because the blockchain’s immutable, public ledger makes every transaction permanently traceable. He explains that a criminal who moves large sums (e.g., a million‑dollar drug deal) would leave an indelible record that can be linked to their identity through banking or other KYC points, guaranteeing detection. The speaker cites the Silk Road takedown as a concrete example of law‑enforcement leveraging Bitcoin’s transparency to arrest users, and suggests that the narrative portraying crypto as the ideal tool for illicit trade was deliberately promoted to lure and trap criminals, thereby discouraging broader crypto adoption. The overall message is that the perceived anonymity of Bitcoin is a myth, and its transparency is a liability for illicit actors.

Chapters

people looked at Bitcoin and crypto as a form of like, for like, um, criminals to like move drugs. And I'm like, that's the dumbest way you could possibly move drugs. Is like, this is the dumbest concept. I believe that was put into the market to really deter people from crypto, but it's like the dumbest. Like, if I was a criminal, if there was one way that would guarantee that I get caught, it would be to transact in Bitcoin, because now that is minted in history forever. Me doing that drug deal of a million or whatever, there's no way I could erase that, and it's always there, and it's always a trail to my life. So like, let's say I do a bad drug deal or whatever for a million dollars. I cash that million dollars at the bank. If that bank has any piece of my identity, like anything that connects to me, like forever that's connected to me. So this is the dumbest way to ever. I think that's why they did it. They tried to make it seem like it was the best way to take down like the dark web and different things. Like they they convinced because people didn't know they were ignorant. They convinced a lot of people on Silk Road and the dark web to use Bitcoin on purpose. They convinced them so they could just get them, and they got it. They took down Silk Road. And so it's— yeah, it's one key feature is it's actually completely transparent, and there's no system or structure on the face of the planet that can do that.